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12/13/2013 7:45:21 AM
19
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And I'm sitting on 1.15 million coins, waiting for them to be bitcoin-tier in worth. Have fun not being a billionaire.
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Not happening.
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"Bitcoins are stupid, they'll never be worth anything." "Litecoins are stupid, they'll never be worth anything." Have fun not being a billionaire.
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Have fun losing your "investment" when they become heavily regulated, banned, or worth nothing.
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You actually think I bought them? Lol.
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You must not know what an investment is.
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You actually think that I put any money into obtaining them? Lol.
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Investment need not be in a monetary form. For someone claiming that this "economic breakthrough" will make you a millionaire, you know little of economics.
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I lost nothing by doing this. People said that bitcoin would never be worth anything, and many of the early adopters are now millionaires.
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Many people thought Tesla would never be worth anything... oh... and it's still not worth anything.
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Tesla isn't a cryptocurrency.
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That's not the point... might want to look a bit into how economics works first.
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How can you be so certain that this won't take off when you can't even spell "buy" correctly?
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Edited by Vicex: 12/13/2013 8:22:15 AM[quote]How can you be so certain that this won't take off when you can't even spell "buy" correctly?[/quote] Oh no! Typo, therefore anything said = invalid. Shit man, that's pathetic. This "doge" currency will only depreciate the value of bit coins and the "doge" currency- not something people who accept bit coins want. You first have to somehow establish a network for this currency that is currently dominated and being developed by bit coin (good luck at that). Even then, bit coin is more of a "beta" and soon laws will be inplace regulating bit coins that makes it less appealing to the average person- a person that is needed to develop this "economy" so that a bit coin becomes a valid currency for day to day usage.
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[quote]This "doge" currency will only depreciate the value of bit coins and the "doge" currency- not something people who accept bit coins want. You first have to somehow establish a network for this currency that is currently dominated and being developed by bit coin (good luck at that).[/quote]No, it won't depreciate the value of bitcoins. Other currencies, such as litecoins, have recently skyrocketed in value with bitcoins. The success of one coin doesn't hinder the success of another. Doge with be no different.
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Edited by Vicex: 12/13/2013 8:26:10 AMIt does hinder because the currencies are not regulated. As time goes on, and more and more bit coins and any other silly currency someone comes up with will break a fragile "economy". You don't see the problem now because there is a very large growth phase, but once that slows down- it's going to have a negative impact.
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This has not been the case so far, so you have no reason to assume this.
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Edited by Vicex: 12/13/2013 8:29:54 AMThat's what happens in economics.. it's why currencies are regulated... it's why so many Western Countries are pissed at China for having devaluing its currency. Keep it up a few more years (regulations taken out of consideration) and all these various virtual currencies will crash the virtual market with very large inflation (IF and ONLY IF people decide to accept these currencies as a method of payment).
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I don't care what happens in the long run. I just care about making some money off of this, and at this rate, I will make a good amount.
